For any past-3-years timespan currently, you'll get the right picture only by looking at the numbers in light of consideration from the pandemic. It's not that

For any past-3-years timespan currently, you'll get the right picture only by looking at the numbers in light of consideration from the pandemic. It's not that rates are low now, it's that they were temporarily high for three years, during the pandemic shutdowns and backlogged demand from that. (Same goes for the apparent recession in 2022. That was mostly an artifact of the pandemic numbers, comparing 2022 to a 2021 that was artificially high from time-shifted backlogged demand from 2020.)